Value of Exports to Albania from New Jersey
NJALBA052SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
489,031.00
Year-over-Year Change
288.85%
Date Range
1/1/1997 - 1/1/2017
Summary
The 'Value of Exports to Albania from New Jersey' series measures the total dollar value of goods and services exported from the U.S. state of New Jersey to the country of Albania over time. This metric is important for understanding regional trade patterns and economic ties between the two locations.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
This series tracks the value of exports originating in New Jersey that are destined for Albania. It provides insight into the commercial relationship and trade flows between the state and the country. Economists and policymakers use this data to analyze regional economic integration and the impacts of trade policy.
Methodology
The data is collected by the U.S. Census Bureau through surveys of businesses and customs declarations.
Historical Context
Trends in New Jersey's exports to Albania are relevant for assessing the state's international trade performance and competitiveness.
Key Facts
- New Jersey is one of the top exporting states in the U.S.
- Albania is an emerging market in Southeastern Europe.
- Exports support economic growth and job creation in New Jersey.
FAQs
Q: What does this economic trend measure?
A: This series measures the total dollar value of goods and services exported from the U.S. state of New Jersey to the country of Albania.
Q: Why is this trend relevant for users or analysts?
A: Trends in New Jersey's exports to Albania provide insights into the commercial relationship and trade flows between the state and the country, which is important for understanding regional economic integration and the impacts of trade policy.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Census Bureau through surveys of businesses and customs declarations.
Q: How is this trend used in economic policy?
A: Trends in New Jersey's exports to Albania are relevant for assessing the state's international trade performance and competitiveness, which is important for policymakers and economists analyzing regional economic development.
Q: Are there update delays or limitations?
A: The data is subject to the timeliness and accuracy of the underlying Census Bureau surveys and customs reporting.
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Citation
U.S. Federal Reserve, Value of Exports to Albania from New Jersey (NJALBA052SCEN), retrieved from FRED.